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Leighton State Bank

Pella, IA · Cert 10118 · Leighton Investment Co.

State charter, non-member · FDIC · 4 branches

Q2 2026

$298.2MAssets
$221.5MLoans
$254.4MDeposits
$34.1MEquity
Loan mix
84%RE $156.0M16%C&I $29.0M1%Consumer $1.7MQ2 2025Q2 2026
Deposit mix
89%Interest-bearing $227.2M11%Noninterest $27.2MQ2 2025Q2 2026

NIM

4.95%Q2 ’245.15%Q2 ’255.34%Q2 ’26+3%+13%

Non-interest income vs. expense

2.80%Q2 ’242.76%Q2 ’252.73%Q2 ’26-8%-1%

Market Position · Des Moines-West Des Moines, IA · 2026 SOD (annual) · 0.2% share · #44 of 57 inst. · $0.1B of $38.0B

14.1% Marion
6.5% Jasper
5.2% Mahaska

Executive Summary

  • Earnings: ROA of 1.47%, up 35 bps year over year; NIM at 3.49%.
  • Asset quality: problem loans at 0.79% of loans (-62 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 10.99%, up 14 bps from a year ago.
  • Funding: loans stand at 87.07% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.47%+35 bps YoY

Net Interest Margin (YTD, annualized)

3.49%+41 bps YoY

Efficiency Ratio (YTD, annualized)

58.09%-600 bps YoY

Tier 1 Leverage Ratio

10.99%+14 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.12%1.12%1.12%1.37%1.47%+35 bps
Return on Equity10.46%10.33%10.22%12.11%12.95%+249 bps
Net Interest Margin3.09%3.13%3.14%3.48%3.49%+41 bps
Efficiency Ratio64.08%64.38%64.76%61.09%58.09%-600 bps
Non-Interest Burden1.50%1.56%1.59%1.57%1.49%-1 bps
Growth
Asset Growth (YoY)5.25%8.48%4.28%5.37%6.85%+160 bps
Loan Growth (YoY)3.28%6.25%4.27%7.52%8.34%+506 bps
Deposit Growth (YoY)5.32%9.81%4.40%5.30%6.97%+165 bps
Asset Quality
Nonperforming Loans / Loans1.41%1.40%0.96%0.80%0.79%-62 bps
Net Charge-Offs / Loans-0.01%0.00%0.23%0.04%0.02%+2 bps
Allowance / Loans1.02%1.03%0.84%0.85%0.88%-14 bps
Allowance Coverage of NPLs0.7x0.7x0.9x1.1x1.1x+0.4x
Capital
Tier 1 Leverage Ratio10.85%10.92%10.89%11.09%10.99%+14 bps
Total Risk-Based Capital15.24%15.04%14.88%15.19%10.99%-424 bps
Equity / Assets10.98%11.33%11.21%11.39%11.45%+47 bps
Liquidity & Funding
Loans / Deposits85.98%88.49%86.33%87.95%87.07%+110 bps
Liquid Assets / Assets0.44%0.26%0.25%0.00%0.00%-44 bps
CRE / Total Capitaln/a160.02%155.03%156.29%n/an/a